Which Company Has the Most Logbook Loan Shops?
Loans 2 Go has the highest number of logbook loan shops. Hermes Property Services merged with this brand in early 2015 and so this collective group would likely command most of the market share. A key service feature is that they impose no age restrictions on your car and so they can cater larger audiences than your average v5 lender who set a 10 year cap. Poor credit is considered, although they will need to process a credit check. With pricing, they’d take £1200 in interest on a £1000 sum borrowed over 12 months. If you are happy to proceed then you can apply on their website or alternatively head straight down to one of their branches.
These are open between Monday and Friday (9.30am to 5.30pm) and on Saturdays (10am to 3pm). If you check on their site they should have a complete list of outlet locations. Since they do have such a large network you are more likely to find one of their shops nearby to you in comparison to a rival firm. It is Mobile Money that commands the second largest network standing at 40 branches. The times on that side are Monday and Friday (8.30am to 6pm) whilst Saturday is (9am to 12.30pm). Mobile Money charges less at £426.80 per £1000. They however set a 10 year age restriction that is only bypassed if you have a top spec motor.
Auto Advance and AutoMoney also own a sizeable collection of outlets nationwide and so you may wish to consider them. I wouldn’t personally pay too much attention to the tally of logbook loan stores. Most lenders are happy to meet you at your home or work at a time that suits. This would be the only solution to head down if you were looking for funds on Sundays. Both CarCashPoint and MotoLoan are happy to get to you on a Sunday. At a later date we’ll compose a list of lender HQs. This makes sense since a firm based in London isn’t likely to send agents down to Manchester (unless they employ a large team).